GRCT
SURGENT McCOY's GROUND RULES FOR CONSOLIDATED TAX RETURNS
The federal consolidated
tax system is complicated and intricate. Dealing with it requires that
practitioners be armed not only with technical knowledge, but practical
skills as well. By the conclusion of this comprehensive 8-hour program,
the participant will be able to apply consolidated return regulations
to prepare a basic consolidated tax return and understand the guiding
principles.
Major topics include:
- Eligibility and affiliated groups rules
- Advantages and disadvantages of consolidation
- Basis adjustments and excess loss accounts
- Consolidated losses: pitfalls and traps to watch out for
- How do AMT, PHC tax, and accumulated earnings tax apply in consolidation?
- Intercompany transactions: eliminations and deferrals
- Special problems: companies entering and exiting the group
- Computing consolidated taxable income
Designed for: CPAs
in public accounting and industry who wish to gain a sound fundamental
background in this complicated area and be able to put their skills into
practice.
Level of knowledge:
Basic
Field
of study: Taxes
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